Answer / kishore berty

Income a/c Dr
To Deferred Income Cr

(Being the part of unearned income transferred to deferred
income which is a liability until it is earned)

Answer / mansoor

Income a/c Dr
To Deferred Income Cr

what is finance tell me in exact definition?

6 Answers   Bank Of America,

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Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From

0 Answers  

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expand C B E C

2 Answers  

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In a private limited company,if owner/shareholder withdraws different amounts from company account, then where should be that amount be accounted for/in which head of account that amount should be placed????

1 Answers  

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is there any difference in contribution and net profit? if yes what is that?

2 Answers   KPIT,

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A company is Listing in EU (Europian Union) Controlled stock exchange ? will IFRS are mandatory ? if you answer will differ if Subsidary of US based company Listing in EU (Europian Union) Controlled stock exchange?

0 Answers  

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What do you mean by TDS?

2 Answers   HSBC,

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for life insurance company, premium received from client is an asset or a liability.

1 Answers   ITC Infotech,

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What is periodicity concept

2 Answers  

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Expand-------CSNA

0 Answers  

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What is meant by undercast and overcast in accountancy? Explain with some transactions and their corresponding journal entries.

4 Answers   ICICI,

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Which asset is depreciated in tangible?

3 Answers  

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